Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Godolphin Resources Limited ( (AU:GRL) ) has shared an update.
Godolphin Resources has announced a major upgrade to the Mineral Resource Estimate at its 100%-owned Lewis Ponds project, lifting contained metals to 630,000oz of gold and 30.1Moz of silver, alongside higher zinc, lead and copper inventories. The total resource now stands at 17.52Mt across open pit and underground categories, marking a 78% increase in tonnage driven by revised cut-off grades and improved economic assumptions. Recent metallurgical testwork has delivered clean, high-grade zinc and lead-gold-silver concentrates with better gold recovery and low impurities, reducing technical risk and supporting the project’s commercial viability. High-resolution IP surveying has confirmed a large sulphide system extending well beyond the current resource footprint and identified a new Lewis Ponds–style geophysical target, underscoring significant growth potential. With $1.68m raised to fund drilling, geophysics and continued project work, and a Scoping Study on track for completion this quarter alongside progress at Narraburra, the company is positioning Lewis Ponds for rapid advancement and potential value creation for shareholders.
The most recent analyst rating on (AU:GRL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Godolphin Resources Limited stock, see the AU:GRL Stock Forecast page.
More about Godolphin Resources Limited
Godolphin Resources Limited is an Australian minerals exploration company focused on gold, silver, and base metals projects, particularly within the Lachlan Fold Belt in New South Wales. Its primary asset is the 100%-owned Lewis Ponds project, complemented by the Narraburra Rare Earths Project, positioning the company in both precious/base metals and critical minerals markets.
Average Trading Volume: 7,003,644
Technical Sentiment Signal: Buy
Current Market Cap: A$29.41M
See more data about GRL stock on TipRanks’ Stock Analysis page.